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socratttParticipant
We were all under the assumption that the responsible would prevail at some point. Unfortunately our system is a bit crooked and our government has to continue to reward the crookedness to keep the system rolling.
There is no common thread in society at this point. Everyone still loves to spend money and watch reality shows and that obviously won’t change as long as our government can help it. I really wanted an awakening in America, but it won’t happen if Big Brother can help it.
If you want to win you need to think from a governmental control standpoint and realize that no one cares about any of us. Our politicians are all corrupt and that won’t change. One thing most of us have learned during the last couple of years is that being a good tax paying citizen doesn’t always pay off! In a world of greed, the greedy seem to always prevail, go figure!
The silver lining in all of this is there will always be opportunity! Creativity and a little hard will go a long way in any market.
socratttParticipantWe were all under the assumption that the responsible would prevail at some point. Unfortunately our system is a bit crooked and our government has to continue to reward the crookedness to keep the system rolling.
There is no common thread in society at this point. Everyone still loves to spend money and watch reality shows and that obviously won’t change as long as our government can help it. I really wanted an awakening in America, but it won’t happen if Big Brother can help it.
If you want to win you need to think from a governmental control standpoint and realize that no one cares about any of us. Our politicians are all corrupt and that won’t change. One thing most of us have learned during the last couple of years is that being a good tax paying citizen doesn’t always pay off! In a world of greed, the greedy seem to always prevail, go figure!
The silver lining in all of this is there will always be opportunity! Creativity and a little hard will go a long way in any market.
socratttParticipantWe were all under the assumption that the responsible would prevail at some point. Unfortunately our system is a bit crooked and our government has to continue to reward the crookedness to keep the system rolling.
There is no common thread in society at this point. Everyone still loves to spend money and watch reality shows and that obviously won’t change as long as our government can help it. I really wanted an awakening in America, but it won’t happen if Big Brother can help it.
If you want to win you need to think from a governmental control standpoint and realize that no one cares about any of us. Our politicians are all corrupt and that won’t change. One thing most of us have learned during the last couple of years is that being a good tax paying citizen doesn’t always pay off! In a world of greed, the greedy seem to always prevail, go figure!
The silver lining in all of this is there will always be opportunity! Creativity and a little hard will go a long way in any market.
socratttParticipantWe were all under the assumption that the responsible would prevail at some point. Unfortunately our system is a bit crooked and our government has to continue to reward the crookedness to keep the system rolling.
There is no common thread in society at this point. Everyone still loves to spend money and watch reality shows and that obviously won’t change as long as our government can help it. I really wanted an awakening in America, but it won’t happen if Big Brother can help it.
If you want to win you need to think from a governmental control standpoint and realize that no one cares about any of us. Our politicians are all corrupt and that won’t change. One thing most of us have learned during the last couple of years is that being a good tax paying citizen doesn’t always pay off! In a world of greed, the greedy seem to always prevail, go figure!
The silver lining in all of this is there will always be opportunity! Creativity and a little hard will go a long way in any market.
socratttParticipantSince the FED has a vested interest in most banks they ultimately make the decision of what banks can release inventory.
Nothing will change as the FED knows exactly what they are doing. Most people seem to think our government is clueless in the realm of RE. I beg to differ as I believe our government knows exactly how to control supply and demand. The only question is will their ultimate plan work? Their plan is quite obvious which is to push prices back up and ease the pain of the mortgage crisis. This would take a lot more pressure off the banks as prices would continue to fall if all inventory was pushed on the market. The banks and the FED have a firm grip on the market and control much more than we are aware of. Goldman Sachs and the gang our smart cookies if you ask me, unfortunately at the American tax payer’s expense!!
socratttParticipantSince the FED has a vested interest in most banks they ultimately make the decision of what banks can release inventory.
Nothing will change as the FED knows exactly what they are doing. Most people seem to think our government is clueless in the realm of RE. I beg to differ as I believe our government knows exactly how to control supply and demand. The only question is will their ultimate plan work? Their plan is quite obvious which is to push prices back up and ease the pain of the mortgage crisis. This would take a lot more pressure off the banks as prices would continue to fall if all inventory was pushed on the market. The banks and the FED have a firm grip on the market and control much more than we are aware of. Goldman Sachs and the gang our smart cookies if you ask me, unfortunately at the American tax payer’s expense!!
socratttParticipantSince the FED has a vested interest in most banks they ultimately make the decision of what banks can release inventory.
Nothing will change as the FED knows exactly what they are doing. Most people seem to think our government is clueless in the realm of RE. I beg to differ as I believe our government knows exactly how to control supply and demand. The only question is will their ultimate plan work? Their plan is quite obvious which is to push prices back up and ease the pain of the mortgage crisis. This would take a lot more pressure off the banks as prices would continue to fall if all inventory was pushed on the market. The banks and the FED have a firm grip on the market and control much more than we are aware of. Goldman Sachs and the gang our smart cookies if you ask me, unfortunately at the American tax payer’s expense!!
socratttParticipantSince the FED has a vested interest in most banks they ultimately make the decision of what banks can release inventory.
Nothing will change as the FED knows exactly what they are doing. Most people seem to think our government is clueless in the realm of RE. I beg to differ as I believe our government knows exactly how to control supply and demand. The only question is will their ultimate plan work? Their plan is quite obvious which is to push prices back up and ease the pain of the mortgage crisis. This would take a lot more pressure off the banks as prices would continue to fall if all inventory was pushed on the market. The banks and the FED have a firm grip on the market and control much more than we are aware of. Goldman Sachs and the gang our smart cookies if you ask me, unfortunately at the American tax payer’s expense!!
socratttParticipantSince the FED has a vested interest in most banks they ultimately make the decision of what banks can release inventory.
Nothing will change as the FED knows exactly what they are doing. Most people seem to think our government is clueless in the realm of RE. I beg to differ as I believe our government knows exactly how to control supply and demand. The only question is will their ultimate plan work? Their plan is quite obvious which is to push prices back up and ease the pain of the mortgage crisis. This would take a lot more pressure off the banks as prices would continue to fall if all inventory was pushed on the market. The banks and the FED have a firm grip on the market and control much more than we are aware of. Goldman Sachs and the gang our smart cookies if you ask me, unfortunately at the American tax payer’s expense!!
socratttParticipantHere is how I see it. Each bank and each home have specific investors involved along with the Fed controlling that bank and letting them know how many homes can be released. The bank has a decision to make. Do they let homes that have the potential of losing a large percentage go into a foreclosure or do they release homes that have a higher value on paper or a smaller percentage on the losing end? I suppose they chose the latter as banks seem to have very little say at this point while the FED has all or most of the control.
Certain areas with large lots that are currently being maintained may be an asset to the bank rather than foreclosing and forcing a much bigger liability, i.e. vandalism, dead lawns and so forth. Homes up in De Luz and other areas in the hills with large lots have a much greater potential of homeowners getting free rent than a home in the middle of Redhawk as the banks are well aware of the negative equity situation in those million dollar homes in the hills that are now worth much less.
I guess every opinion is exactly that. No one really knows what the hell is going on, but it makes for some good ideas.
TG, personally I disagree with what you said about the worst being behind us as I think this fall will produce some nasty data that will throw values under the bus again. The 2nd coming of the bubble bursting is near. Be prepared!
socratttParticipantHere is how I see it. Each bank and each home have specific investors involved along with the Fed controlling that bank and letting them know how many homes can be released. The bank has a decision to make. Do they let homes that have the potential of losing a large percentage go into a foreclosure or do they release homes that have a higher value on paper or a smaller percentage on the losing end? I suppose they chose the latter as banks seem to have very little say at this point while the FED has all or most of the control.
Certain areas with large lots that are currently being maintained may be an asset to the bank rather than foreclosing and forcing a much bigger liability, i.e. vandalism, dead lawns and so forth. Homes up in De Luz and other areas in the hills with large lots have a much greater potential of homeowners getting free rent than a home in the middle of Redhawk as the banks are well aware of the negative equity situation in those million dollar homes in the hills that are now worth much less.
I guess every opinion is exactly that. No one really knows what the hell is going on, but it makes for some good ideas.
TG, personally I disagree with what you said about the worst being behind us as I think this fall will produce some nasty data that will throw values under the bus again. The 2nd coming of the bubble bursting is near. Be prepared!
socratttParticipantHere is how I see it. Each bank and each home have specific investors involved along with the Fed controlling that bank and letting them know how many homes can be released. The bank has a decision to make. Do they let homes that have the potential of losing a large percentage go into a foreclosure or do they release homes that have a higher value on paper or a smaller percentage on the losing end? I suppose they chose the latter as banks seem to have very little say at this point while the FED has all or most of the control.
Certain areas with large lots that are currently being maintained may be an asset to the bank rather than foreclosing and forcing a much bigger liability, i.e. vandalism, dead lawns and so forth. Homes up in De Luz and other areas in the hills with large lots have a much greater potential of homeowners getting free rent than a home in the middle of Redhawk as the banks are well aware of the negative equity situation in those million dollar homes in the hills that are now worth much less.
I guess every opinion is exactly that. No one really knows what the hell is going on, but it makes for some good ideas.
TG, personally I disagree with what you said about the worst being behind us as I think this fall will produce some nasty data that will throw values under the bus again. The 2nd coming of the bubble bursting is near. Be prepared!
socratttParticipantHere is how I see it. Each bank and each home have specific investors involved along with the Fed controlling that bank and letting them know how many homes can be released. The bank has a decision to make. Do they let homes that have the potential of losing a large percentage go into a foreclosure or do they release homes that have a higher value on paper or a smaller percentage on the losing end? I suppose they chose the latter as banks seem to have very little say at this point while the FED has all or most of the control.
Certain areas with large lots that are currently being maintained may be an asset to the bank rather than foreclosing and forcing a much bigger liability, i.e. vandalism, dead lawns and so forth. Homes up in De Luz and other areas in the hills with large lots have a much greater potential of homeowners getting free rent than a home in the middle of Redhawk as the banks are well aware of the negative equity situation in those million dollar homes in the hills that are now worth much less.
I guess every opinion is exactly that. No one really knows what the hell is going on, but it makes for some good ideas.
TG, personally I disagree with what you said about the worst being behind us as I think this fall will produce some nasty data that will throw values under the bus again. The 2nd coming of the bubble bursting is near. Be prepared!
socratttParticipantHere is how I see it. Each bank and each home have specific investors involved along with the Fed controlling that bank and letting them know how many homes can be released. The bank has a decision to make. Do they let homes that have the potential of losing a large percentage go into a foreclosure or do they release homes that have a higher value on paper or a smaller percentage on the losing end? I suppose they chose the latter as banks seem to have very little say at this point while the FED has all or most of the control.
Certain areas with large lots that are currently being maintained may be an asset to the bank rather than foreclosing and forcing a much bigger liability, i.e. vandalism, dead lawns and so forth. Homes up in De Luz and other areas in the hills with large lots have a much greater potential of homeowners getting free rent than a home in the middle of Redhawk as the banks are well aware of the negative equity situation in those million dollar homes in the hills that are now worth much less.
I guess every opinion is exactly that. No one really knows what the hell is going on, but it makes for some good ideas.
TG, personally I disagree with what you said about the worst being behind us as I think this fall will produce some nasty data that will throw values under the bus again. The 2nd coming of the bubble bursting is near. Be prepared!
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